AFRICAN NEWS |

Zambeef Products half year revenue decline 4% amid challenging environment

17 Jun 2019

ZAMBIA –Zambeef Products PLC, a food products and agribusiness company, posted a 4% decline in revenues to US$118.8 million for...

Coca-Cola to sell Nairobi regional headquarters facility, relocates to new office

17 Jun 2019

KENYA – Multinational beverage giant, Coca-Cola is set to sell its facility in Nairobi, Kenya which served as the company’s...

State releases 600,000 bags of maize to ease grain shortage

17 Jun 2019

KENYA – Kenya’s National Cereals and Produce Board (NCPB) has resolved to release 600,000 bags of subsidised maize to grain...

Zimbabwe’s Ariston Holdings sustains growth momentum as revenue increase 50%

17 Jun 2019

ZIMBABWE - Ariston Holdings Limited, a diversified agricultural firm in Zimbabwe, is upbeat of maintaining a growth trajectory in the...

Nigerian rice processor to invest US$50m in new high capacity processing plant

17 Jun 2019

NIGERIA – Darma Rice Mill Ltd has unveiled plans of investing about US$50 million (N15.2 billion) in setting up a...

Kenya to raise US$250m to set up value-addition hubs under industrialisation initiative

17 Jun 2019

KENYA – The government of Kenya is seeking to raise US$250 million (Shs25 billion) through partnership with development partners to...

China to overtake US as the world’s largest grocery market by 2023

17 Jun 2019

CHINA – China is set to become the world’s largest grocery market by 2023 in value terms, overtaking the US which has been benefiting from a strengthening economy. According to...

Pernod Ricard acquires majority stake in spirits producer Rabbit Hole

17 Jun 2019

USA – Pernod Ricard has announced that it has agreed to acquire a majority stake in Louisville, Kentucky based spirits company, Rabbit Hole Whiskey for an undisclosed sum. The deal...

Nestle launches Materna Opti-Lac to support breastfeeding in lactating mothers

17 Jun 2019

SWITZERLAND – Nestle has launched a new product called MATERNA Opti-Lac to support and protect lactating mothers from risks associated with breastfeeding. The probiotic solution will help them reduce the...

Symrise’s Diana Food opens R&D facility in Canada to drive innovation

17 Jun 2019

CANADA – Diana Food, the nutrition and wellness division of Symrise has opened a new research & development facility in Quebec, Canada to promote innovation in consumer nutrition and well-being...

Cannabis company Coda Signature raises US$24.4m in Series A funding

17 Jun 2019

USA - Coda Signature, a leading brand of premium, cannabis-infused edibles, topicals and concentrates has closed US$24.4 million Series A funding round led by Granite Hall Partners. The funding round...

Barentz forms joint venture with Dutch ingredients company TasteStrik

17 Jun 2019

NETHERLANDS – Barentz International B.V., a leading supplier of ingredients for the food and nutrition industry has formed a joint venture with the Dutch family business, TasteStrik. The joint venture...